The Nigerian Nationwide Petroleum Firm Restricted has emphasised that creating strategic partnerships is important for unlocking worth, making certain sustainability, and selling commercialization in Nigeria’s downstream oil business
Group Chief Government Officer of NNPC Ltd., Bayo Ojulari, said this on Tuesday throughout the 2025 Inaugural Annual Downstream Petroleum Week, organized by the Home of Representatives Committee on Petroleum Assets (Downstream).
Ojulari was represented on the occasion by the corporate’s Government Vice President, Downstream, Mumuni Dagazau.
Ojulari highlighted cooperation because the cornerstone for attaining a sustainable power future, characterising Nigeria’s downstream panorama as one characterised by transition, alternative, and reform.
He famous that Africa’s power demand is projected to develop considerably within the coming years, with Nigeria positioned to guide the cost.
In accordance with him, this improve emphasises the necessity of stakeholder collaboration and shared accountability in capitalising on rising alternatives and driving long-term sectoral progress.
Reaffirming NNPC Ltd.’s home priorities, Ojulari mentioned the corporate stays dedicated to making sure regular gas availability, aggressive pricing, and uncompromised high quality assurance throughout its retail community nationwide.
“The chance to create a sustainable financial system for at this time and the long run is hinged on provide partnership, infrastructure co-investments, safety partnerships, host neighborhood cooperation, and operational alliance. Everybody must become involved within the actions that may finally create a sustainably promising future for Nigeria,” he mentioned.
Ojulari additionally recommended the Nationwide Meeting and the Home Committee on Petroleum Assets (Downstream) for convening the strategic discussion board, assuring that NNPC Ltd., as a business and nationwide power entity, stays dedicated to fostering stakeholder engagement and advancing collaborative fashions for sector-wide development.
The occasion, held on the Nationwide Meeting Advanced, had the theme: “Celebrating Our Successes, Confronting Our Challenges, and Discovering Options for the Petroleum Downstream Sector.” It was attended by key gamers within the downstream sector in addition to legislators.